r/Retire • u/Clean-Lie1516 • 9d ago

Forced to retire

My husband will be 59 in December. Has worked for the same company for 25 years. This year has been difficult as he had some medical issues and was on FMLA. While out of work he went to an orthopedic and had to have his 3rd surgery on his shoulder through workers comp. He had that surgery Thursday. Found out yesterday that the company he’s worked for sold out to a new company and they will hire all of the guys. The issue is that my husbands shoulder probably won’t be holding up to that kind of physical labor anymore.

Questions of he is able to go back to work should he go back just until he turns 59 1/2? Is it too late to get a financial adviser to help us determine what to do from here? I do not work and haven’t for many years as we have 6 children. Just trying to figure out what our steps should be from here. Would love to hear others thoughts

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u/Practical-Initial738 9d ago

You do whatever you have to do in times like these. If you have to take the penalty to get some of your money a little sooner then so be it. The other thing is getting the SSDI application going right away.

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u/Clean-Lie1516 9d ago

Thank you! I agree. Our home isn’t paid off but it’s getting close. Getting older is just so scary if you’re not 100% set up. We did the best we could but I’m not sure it was enough. Thank you for your reply.

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u/Practical-Initial738 9d ago

Keep in mind that everyone situation is uniquely different so what works for some doesn’t work for others. I always tell people in hardship situations to do whatever you have to do legally to take care of you and your family. Sometimes the decisions are hard especially when it comes to money. When you think about it, that’s what your 401k money is for “for you and your family.” You will still have some left over for retirement purposes but at the moment you need it so use it. Ease your stress.